Contracts entered into pursuant to this chapter and other instruments executed pursuant to this chapter shall be in such form and contain such provisions, consistent with this chapter, as the Commission shall prescribe; and shall be as simple and concise as possible. Any mortgage shall contain terms which will place the United States in the same position, with respect to any mortgages it may hold under the provisions of subchapter V, as that occupied by a private lender under the applicable State laws for the relief of mortgagors with respect to deficiency judgments.

Terms Used In 42 USC 2307

  • Commission: means the Atomic Energy Commission. See 42 USC 2304
  • mortgage: shall include deeds of trust and such other classes of lien as are given to secure advances on, or the unpaid purchase price of real estate under the laws of the State in which the real estate is located. See 42 USC 2304
  • State: means a State, territory, possession, Puerto Rico, or the District of Columbia. See
  • United States: includes the several States, territories, and possessions of the United States, Puerto Rico, and the District of Columbia. See